The post Upbit Mistakes Scam Tokens for Real ATP appeared first on Coinpedia Fintech News
The largest centralized cryptocurrency exchange in South Korea, Upbit, has apparently temporarily stopped deposits and withdrawals after mistaking a phony Aptos (APT) token for a real one.
Official Announcement –
According to an official announcement released on Upbit’s Customer Service Centre webpage, the freeze was initiated on Sunday after Upbit identified an “abnormal deposit attempt” while keeping track of APT movements into and out of its wallet system.
What Went Wrong –
Although account services have been resumed after the suspension, Upbit has issued a warning to the customers that there’s a possibility of price variations when engaging with other exchanges through Upbit. Different cryptocurrency exchanges can show price variations on the same cryptocurrency. Since Upbit has now frozen its transaction system, the syncing can be delayed, and price differences of the same
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